Most of these rampers are just traders who got sucked in and bought the Hype from Twittersphere.
There are a lot of similarities to the Hype surrounding SDL and AVZ - the biggest resources, the highest grade, Chinese involvement, a Billionaire, etc etc etc.
And like SDL, this resource is stuck in the Middle of Nowhere.
And the Original Transport Mode for AVZ is now out the window, with new plans being looked at.
Oh, just have a look at SDL's multiple plans and see its similarities, in the challenges it faced in getting their resources out.
A lot of these traders are living in denial - they have been saying the same things since 25 cents; that its down-rampers' fault, naysayers' fault and ASX's faults, but never once admit perhaps they were the ones who got sucked into the "HYPE".
The market is simply doing what it does naturally when a stock has been inflated - it slowly deflates until it find an equilibrium.
If these up-rampers think AVZ is so cheap, they should be buying them by the truck load, rather than just ramping on the sideline - trying to entice non-holders to buy.
AVZ Price at posting:
13.0¢ Sentiment: Sell Disclosure: Not Held
